Atlanta Consulting Group Advisors LLC Raises Position in TopBuild Corp. (NYSE:BLD)

Atlanta Consulting Group Advisors LLC grew its position in shares of TopBuild Corp. (NYSE:BLD) by 1.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,699 shares of the construction company’s stock after acquiring an additional 39 shares during the period. Atlanta Consulting Group Advisors LLC’s holdings in TopBuild were worth $1,098,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC grew its stake in TopBuild by 18.2% in the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock worth $74,228,000 after purchasing an additional 25,973 shares during the period. Nisa Investment Advisors LLC grew its position in shares of TopBuild by 6.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company’s stock worth $5,493,000 after buying an additional 820 shares during the period. Vanguard Group Inc. increased its stake in shares of TopBuild by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock worth $1,317,795,000 after acquiring an additional 15,965 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in TopBuild by 29.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company’s stock valued at $56,489,000 after acquiring an additional 30,000 shares during the period. Finally, River Global Investors LLP boosted its stake in TopBuild by 27.3% during the third quarter. River Global Investors LLP now owns 6,930 shares of the construction company’s stock worth $2,818,000 after acquiring an additional 1,485 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

BLD opened at $347.04 on Friday. The company’s 50-day simple moving average is $383.49 and its two-hundred day simple moving average is $397.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a market capitalization of $10.24 billion, a P/E ratio of 17.51, a P/E/G ratio of 2.26 and a beta of 1.79. TopBuild Corp. has a 52-week low of $290.00 and a 52-week high of $495.68.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.43 earnings per share. As a group, analysts predict that TopBuild Corp. will post 21 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BLD shares. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Jefferies Financial Group dropped their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Truist Financial cut their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Stephens lowered their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Finally, Evercore ISI cut their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $440.44.

About TopBuild

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.